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Michigan Outstanding Bonded Indebtedness Amendment (April 1931)
| Michigan Outstanding Bonded Indebtedness Amendment | |
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| Election date |
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| Topic Bond issue requirements |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Michigan Outstanding Bonded Indebtedness Amendment was on the ballot as a legislatively referred constitutional amendment in Michigan on April 6, 1931. It was defeated.
A “yes” vote supported allowing the state to borrow money and issue bonds to pay outstanding bonded indebtedness. |
A “no” vote opposed allowing the state to borrow money and issue bonds to pay outstanding bonded indebtedness. |
Election results
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Michigan Outstanding Bonded Indebtedness Amendment |
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| Result | Votes | Percentage | ||
| Yes | 262,394 | 41.18% | ||
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374,754 | 58.82% | ||
Text of measure
Ballot title
The ballot title for Outstanding Bonded Indebtedness Amendment was as follows:
| “ | PROPOSED AMENDMENT TO THE CONSTITUTION Relative to Authorizing the state to borrow money and issue bonds therefor for the purpose of paying or refunding outstanding bonded indebtedness. Amendment to Article X of the Constitution relative to authorizing the state to borrow money and issue bonds therefor for the purpose of paying or refunding outstanding bonded indebtedness. Section 21. The state may from time to time borrow money and issue bonds therefor on such terms as shall be provided by law for the purpose of refunding any outstanding bonded indebtedness of the state. Shall article ten of the state constitution be amended by adding a section to be designated as section twenty-one so as to authorize the state to borrow money for the purpose of paying or refunding outstanding bonded indebtedness, and to issue bonds therefor? Yes No | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
A veto referendum is a citizen-initiated ballot measure that asks voters whether to uphold or repeal an enacted law. This type of ballot measure is also called statute referendum, popular referendum, people's veto, or citizen's veto. There are 23 states that allow citizens to initiate veto referendums.
In Michigan, the number of signatures required for a veto referendum is equal to 5% of the votes cast in the last gubernatorial election. Signatures for veto referendums are due 90 days following the final adjournment of the legislative session at which the targeted bill was passed. A simple majority vote is required for voter approval.
See also
External links
Footnotes
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